Home Equity

Cashing In

Life happens—and the equity in your home can help you afford the unexpected. You can leverage your home's equity with a fixed-rate loan or line of credit. Our current home equity offerings are valid in Pennsylvania and Maryland.

Home Equity Freedom Line of Credit

No need to worry about rising interest rates  - you can choose to lock in your interest rate and switch from a variable rate to a fixed-rate on all or part of what you borrow. There are no closing costs or application fees (except for trust review costs for properties deeded in a trust).

Learn More
Home Equity Fixed Rate Loan

Your fixed rate is based on your credit history and report. And with Members 1st Loyalty Rewards, you could qualify for a discounted rate. You can borrow up to 100% of your home equity, with terms up to 20 years.

Learn More
Understanding Home Equity - A Little FYI

"Home equity" may sound complicated, but it's actually simple. Home equity is the value of your home minus what you still owe on your mortgage. So, if you have paid $100,000 of your mortgage and your home is worth $200,000, you have $100,000 in equity. The real question is - what will you do with your home's equity?

Icon of a house
Take Advantage of Your Home’s Value

Using home equity to make home improvements can come with significant tax advantages. Since home equity loans and lines of credit offer lower interest rates than many student loans and credit cards, they can be a smart way to fund a college education, finance a wedding or consolidate high-interest debt.

Icon of a shield with a dollar sign
Member Value Protection

When you apply for your Home Equity Fixed Rate loan, you can choose to add Member Value Protection (MVP). This coverage will cancel your monthly payments in case of death, disability, or involuntary unemployment—without penalty, added interest, or dings to your credit report.

Icon of a headset
Not Sure? Let’s Talk.

Borrowing against the equity in your home is a big decision. We encourage you to contact one of our experts to discuss your options and create a plan that works for you.

Rates As Low As

48 Months 3.49% APR
60 Months 3.49% APR
84 Months 3.74% APR
120 Months 3.74% APR
View All Rates

Thinking of using a home equity loan to buy a car? Compare your options and see how much you could save.

View Calculator

Our Blog


Borrow Wisely
Secured vs. Unsecured Loans

As we enter 2021, many people are making financial resolutions that focus on milestones like buying a car, going on a vacation, getting married or even doing home repairs. The best tool in your resolution toolbox is knowledge.

Read More
Borrow Wisely
Home Equity Loan Types Explained

We all keep lists, either written down or in our heads, of our goals and dreams for the future. It could be anything from a wedding, college, home improvements, a special vacation or perhaps you just need funding for an unexpected expense.

Read More
Borrow Wisely
A Simple 'Recipe' for Managing Your Credit Score

The way your credit score works can seem mysterious, with several factors intertwining in complex ways.

Read More

Common Questions

A home equity loan is a fixed-rate loan that lets you borrow a lump sum of money at a specific annual percentage rate for a specific amount of time. Your payments remain consistent throughout the length of your loan. With a home equity line of credit, you have a variable rate loan which means your interest rate can change over time and your payments may fluctuate.  

While there are many online home value estimators, you may want to have your property appraised.

Yes! When you set up your loan payments through payroll deduction, direct deposit, or automatic transfer, you will receive a 0.20% rate reduction for your home equity fixed rate loan. This discount does not apply to the Home Equity Freedom Line of Credit.

We can help you make an informed decision as to which loan product is best for your individual situation and financial goals. Talk to one of our experts today.

Connect with an expert
Icon of a star

Still have questions?

Our home equity team is here to help you get answers. Give us a call or stop by your nearest branch.

We're Here to Help

Getting Ready for Life's Moments and Milestones

Hit the Road

Hear that? It’s the open road calling. Here’s how to get an auto loan quicker and smarter.

Get Started

Off to College

Welcome to the start of a new beginning! Here's how to avoid student loans and make the most of saving for college.

Get Started

Buying a House

Your home will likely be the biggest investment you ever make. Here’s everything you need to know—and who to talk to if you’d like some personalized guidance.

Get Started

Goal Savings

Save for big plans—a little at a time. With great rates and powerful in-app tools, it’s never been easier to set (and achieve) your long-term goals.

Get Started

Visa Signature® Card

Get 1.5% cash back (or 1.5 points) on every dollar you spend. On top of that, you get emergency medical coverage, trip interruption insurance, and Visa Signature Concierge Service—all with no annual fee.

Get Started

Please be aware that by continuing you will be leaving www.members1st.org and viewing content from another website.

For your protection please be advised that public Internet email is not secure. Various links within our web site allow you to submit information to us by public Internet email. Please DO NOT provide personal or account information through public email or submit any personal information that would compromise your identity including your account number, social security number, credit card numbers, electronic services PINs, passwords or mother's maiden name. Members 1st will not respond via public Internet email to requests-for-account-information or account activity. Please contact Customer Service with these types of requests at (800) 237-7288 or (717) 795-6049.